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Benchmarking its market access strategy to product sensitivity, India will grant quota-based duty concessions in the automobile sector while offering market access to alcoholic beverages under tariff reduction and minimum import price-based formulations under the trade pact with the United States, the government said on Monday, PTI reported. Under the agreement, tariffs on $30.94 billion…
NEW DELHI: India’s auto component industry is set for a significant boost following the India-US trade deal, with the agreement providing preferential tariff treatment for Indian auto parts exports, including zero-duty access for some products. The joint statement said India will receive a preferential tariff rate quota for automotive parts currently covered under US national…
India and the United States have agreed on a framework for an interim trade agreement that outlines tariff cuts, preferential market access and sector-specific commitments, while preserving protections for sensitive areas such as agriculture and dairy. The framework, announced jointly on Saturday, is intended to pave the way for a broader Bilateral Trade Agreement (BTA).According…
Mumbai: Stocks of companies that could potentially gain from the India-EU trade deal saw their prices rally in Tuesday’s relatively steady market. At the same time, companies that may face increased competition from their European counterparts saw their stock prices dip.Apex Frozen Foods, a seafood company that’s a major shrimp exporter from India, saw its…
Not all stories are celebrated because the people they belong too are quietly living with their laurels. Rakesh B. Pal speaks English with near-perfect accent and enunciation. He is sharp, intelligent, and an avid reader. He trains in martial arts every morning, attends dance classes in the evening, and drives an auto for a living….
Car Repairs Delayed? Oman Now Forces Insurers to Pay You Cash for Every Extra Day In a significant shake-up of Oman’s motor insurance landscape, the Financial Services Authority (FSA) has introduced sweeping reforms that now mandate compensation from insurers if car repairs aren’t completed on time, a first in the Gulf region and a major…
A vehicle from Bollywood actor Akshay Kumar’s security entourage was reportedly involved in an accident in Mumbai’s Juhu area, late Monday night. The accident caused by a collision reportedly left an autorickshaw driver injured and in need of medical care.While the accident is still under investigation, the police have issued statements and clarified details about…
MUMBAI: An auto driver was injured after a Mercedes rammed into the threewheeler at Juhu on Monday. The auto, in turn, rammed into a car that was piloting Bollywood actor Akshay Kumar’s vehicle as part of his security.Juhu police are yet to register an FIR and have got the auto driver admitted to hospital. Source…
China has moved to escalate its trade dispute with India by asking the World Trade Organisation to set up a dispute settlement panel against New Delhi’s incentive schemes for automobiles, batteries and electric vehicles, after bilateral consultations failed to resolve the matter.In a communication to the World Trade Organisation, China said consultations held on November…
The auto component industry expects the real impact of US tariffs to play out in the second half of the current financial year, with uncertainty beginning to cloud fresh export contracts even as existing supplies continue, industry body ACMA said on Wednesday.Despite global headwinds, the sector posted steady growth in the first half of FY26….
